I’m too poor to save for retirement. Everything I make gets used immediately.
Living from paycheck to paycheck is the best I’ve ever managed to do. FeelsBadMan
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I am saving in general for life but I have not yet planned specifically for retirement.
Sort of. If you consider $300 in a Roth IRA as progress. I’m not able to do any reasonable amount of contribution to it yet as I’m young and not in my career yet but I figure I’ll be a lot more ahead than if I waited to start when I was ready to save.
From time to time when I am forced to pay into the government pension scheme. I am actually semi optimistic that they will pay out a small sum, so with other left-over money I rather make sure my living expenses are low so that even a small monthly payout will be sufficient.
I would not recommend to save up actual cash or invest in some privately operated pension scheme.
What do you mean by “pension scheme”? Social security and similar programs are basically ponzi schemes, ya, but most private retirement funds just let you invest the money in stocks and/or bonds with tax benefits. Are those schemes?
I am not. Because I’m still in school and pretty much everything I make is spent on basic living and saving up for a large upcoming move.
yup, here in Brazil we have a public retirement plan that is mandatory for our main work regime, as of now it’s 8% of the worker’s gross monthly income, besides that I save more by my own
Yes. I’m saving for my wife’s and I retirement. I also want to make sure that our kids don’t have to support us when we are old.
